Change - Announcement of Cessation::Cessation as Chief Executive Officer ("CEO")
Issuer & Securities
EC WORLD ASSET MANAGEMENT PTE LTD
EC WORLD REIT - SG1DA7000003 - BWCU
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation as Chief Executive Officer ("CEO")
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Cessation as CEO.
DBS Bank Ltd. was the sole financial adviser, global coordinator and issue manager for the initial public offering of EC World REIT. DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited and Maybank Kim Eng Securities Pte. Ltd. were the joint bookrunners and underwriters for the initial public offering of EC World REIT.
Name Of Person
Lai Hock Meng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
CEO succession. Mr Lai Hock Meng ("Mr Peter Lai") will relinquish his position as CEO of EC World Asset Management Pte. Ltd., the manager of EC World REIT ("the Manager"), to pursue personal and other business interests. Mr Peter Lai will remain on the Board of the Manager as a Director.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and CEO
Role and responsibilities
Responsible for the overall operational efficiency, growth and profitability of EC World REIT portfolio and the Manager.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
1,204,320 units in EC World REIT
Past (for the last 5 years)
Singapore Chinese Orchestra Company Ltd
Yin Tai Bio-Technology Pte Ltd
China Dredging & Engineering Pte Ltd
China Energy Limited
China Essence Group Ltd
Advance SCT Limited
WE Holdings Ltd
Nanjing He Ding Investment Management Co., Ltd
Metax Engineering Corp Limited
Star Castle Capital (Singapore) Pte Ltd
C Y Foundation Group Limited
Xpress Holdings Ltd
China Oilfield Technology Services Group Ltd
Guangxi & Gaozhou Association
Anomaly Interactive Pte Ltd
The China Society, Singapore
Expert Global Management Limited
Kingbox (Asia) Limited
Kingbox Manufacturing Limited
C Y Management Limited
Ace Advantage Developments Limited
Ace Plus Limited
Ace Precise International Limited
Best Max Holdings Limited
Lucky Zone Holdings Limited
Perfect Ace Global Limited
Science Power Limited
Silkway Holdings Limited
Number One Ventures Limited
Expert Dragon Limited
FA Systems Automation (S) Pte Ltd
PureCircle (Shanghai) Co., Ltd
PureCircle (Jiangxi) Co., Ltd
CFM Holdings Limited
ASTI Holdings Limited
HML Consulting Group Pte Ltd
Dexin Steel Pte Ltd
EC World Asset Management Pte. Ltd.
Fullwealth Investment Pte. Ltd.
Prorich Investment Pte. Ltd.
Magnasset Investment Pte. Ltd.
Richport Investment Pte. Ltd.
Richwin Investment Pte. Ltd.
JY Logistics Investment Pte. Ltd.
Char Yong (Dabu) Foundation Limited
Champ Buyout III Pte Ltd
Delong Holdings Ltd